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Screw Air End Market Analysis, Trends, Growth, Research And Forecast 2033
Screw Air End Market
The Business Research Company presents an extensive market research report on the Screw Air End Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The screw air end market size has grown strongly in recent years. It will grow from $3.99 billion in 2023 to $4.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to industrial growth, energy efficiency needs, reliability and durability, end-user industries, replacement market..
The screw air end market size is expected to see strong growth in the next few years. It will grow to $5.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to industry 4.0 integration, sustainability focus, digitalization and iot, rising energy costs, aftermarket services, market expansion.. Major trends in the forecast period include collaborations and partnerships, emission regulations, compact and portable designs, sustainability drive.
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Key Market Players:
Major companies operating in the screw air end market report are Atlas Copco Group, Ingersoll Rand Inc., Hitachi Ltd., Kaeser Compressors Inc., Elgi Equipments Ltd., Howden UK Limited, Kobelco Construction Machinery America LLC, IHI Rotating Machinery Engineering Co. Ltd., Anest Iwata Corporation, Fu Sheng Industrial Co. Ltd., Eaton Compressor & Fabrication Inc., Rotorcomp Verdichter GmbH, MAN Energy Solutions SE, Bauer Kompressoren GmbH, Boge Kompressoren Otto Boge GmbH & Co. KG, Baker Hughes a GE company, Siemens AG, KAESER Kompressoren SE, Aerzener Maschinenfabrik GmbH, Sullivan-Palatek Inc., VMAC Global Technology Inc., Rogers Machinery Company Inc., Gardner Denver Holdings Inc., Quincy Compressor LLC, Sullair LLC, Mattei Compressors Inc., Mitsui Seiki (U.S.A.) Inc., Hanbell Precise Machinery Co. Ltd., GHH RAND GmbH, Ceccato Aria Compressa S.r.l., Mark Compressors S.p.A., Hertz Kompressoren GmbH, Airpol Inc., ABAC S.p.A., Worthington Creyssensac S.A., Alup Kompressoren GmbH, Bolaite (Beijing) Compressor Co. Ltd., Fuda Air Compressor Co. Ltd., Kaishan Compressor Co. Ltd., Denair Compressor Co. Ltd.
Market Drivers:
The increasing demand for air compressors is expected to propel the growth of the screw air end market forward. An air compressor is a mechanical device that transforms electricity into potential energy stored in compressed air. The screw air end is used to produce continuous, steady airflow in an air compressor; as a result, increasing demand for air compressors increases the demand for the screw air end market. For instance, according to the US Bureau of Labor Statistics, the producer price index of air and gas compressors in the United States increased from 247.3 in 2020 to 313.3 in 2022. Therefore, the increasing demand for air compressors is driving the growth of the screw air end market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/screw-air-end-global-market-report
The screw air end market covered in this report is segmented -
1) By Type: Belt Drive, Gear Drive
2) By Stage: Single Stage, Two-Stage, Multi-Stage
3) By Technology: Stationary, Portable
4) By Capacity: Up to 5 HP, 5-50HP, 50-250HP, Above 250HP
5) By End-Use: Oil and Gas Industry, Chemical Industry, Energy and Transmission, Automotive and Aerospace, Mining and Minerals, Other Manufacturing Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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